Enovix Corporation (ENVX): Investing In A Time Of Crisis

Enovix Corporation (NASDAQ:ENVX) currently has a daily average trading volume of 6.16M but it saw 2354429 shares traded in last market. With a market cap of 1.91B USD, the company’s current market price of $10.08 came rising about 0.70 while comparing to the previous closing price of $10.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.68 and as low as $5.70. In the recent trading on the day, stock has struck highest price mark of $9.7 while lowest mark touched by it was $10.3272.

Taking a look at 20-day trading activity of Enovix Corporation (ENVX) gives us an average price of $9.32, while its current price level is -46.04% below from 52-week high level whereas it is 76.84% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.64 while that of 200 days or SMA-200 reads an average of $10.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.41% during that period while stretching the period over a month that decreases to 8.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.05 which implies that the stock is in neutral territory.

Over the week, ENVX’s stock price is moving 16.21% up while it is 6.59% when we observe its performance for the past one month. Year-to-date it is -19.71% down and over the past year, the stock is showing a downside performance of -25.15%.

Currently, Enovix Corporation’s total number of outstanding shares is 177.59M. Company’s return on investment (ROI) stands at -69.79% and return on equity (ROE) at -116.53%. Stock’s beta reads 1.91. Stock has a price to book (P/B) ratio of 10.68 while price to sale or P/S ratio amounts to 92.20. Its return on asset (ROA) is -50.57% on average.